Sweater

Sweater


About this raise: Sweater is raising funds on Dalmore Group. It is a venture capital fund that invests in various asset classes to empower the founders and companies. The company pools the capital of its members and invests it into emerging technology and product companies looking for growth. Sweater has an expertly crafted portfolio and requires a minimum investment of only $500. Jesse Randall, Chad Lewkowski, and Matthew Klein founded Sweater in January 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for marketing and growth, technology, team growth, fund operations, and overhead expenses.

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Investment Overview

Invested this round: $737,721

Deal Terms

Total Commitments ($USD)

Platform
Dalmore Group
Start Date
01/16/2023
Close Date
07/31/2023
Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$1,000

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

Uncapped

Discount

10%

Company & Team

Company

Year Founded
2019
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Berthoud, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
31
Prior Founder Exits?
No
Founder Name
Jesse Randall
Title
CEO
Founder Name
Chad Lewkowski
Title
President and CIO
Founder Name
Matthew Klein
Title
Chief Experience Officer

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$553,593
 Runway
8.4 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-6,643,111

$-2,274,270

Summary Balance Sheet

FY 2022 FY 2021

Cash

$4,664,860

$625,109

Accounts Receivable

$1,857,771

$0

Total Assets

$7,793,923

$629,680

Short-Term Debt

$722,567

$77,469

Long-Term Debt

$550,193

$77,469

Total Liabilities

$1,272,760

$154,938

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$15,156,681
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/04/2024 StartEngine $48,486,788 $541,470 Equity - Preferred Funded RegCF
07/31/2023 Dalmore Group - $737,721 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Sweater on Dalmore Group 2023
Platform: Dalmore Group
Security Type: SAFE

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Follow Sweater on Dalmore Group 2023

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Warning: according to the close date for this deal, Sweater may no longer be accepting investments.

Sweater Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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